The environmental audit committee is calling on the government to introduce measures such as a new carbon tax to push the price of carbon from its level of €15 (£13) a tonne to what the MPs see as a more credible price of €100.
Tim Yeo, chairman of the committee, said: \”Emissions trading should be helping us to combat climate change, but at the moment the price of carbon simply isn\’t high enough to make it work. The recession has left many big firms with more carbon allowances than they need and carbon prices have collapsed.
\”If the government wants to kick-start serious green investment, it must step in to stop the price of carbon flatlining,\” the MP added.
Even Bleedin\’ Lord Stern only thoght the price should be $80 a tonne (which for technical reasons is arounf €30-€40 right now).
Don\’t these cretins even bother to read the reports sent to them?
Plus a carbon tax would undermine the case for having carbon trading at all- think of all the opportunities for graft that would remove.
Well, given that Tim Yeo makes all his extra-parliamentary readies from “green” business, what did you expect him to say?
Incentives matter, you know!
The point of a market is to let the price rise and fall depending on the real value.
If the price has collapsed because nobody needs/wants to run a steel mill generating CO2, then the price doesn’t need to be higher.
What they really want however is a continuous flow of money (tax), totally divorced from the amount of CO2. They are, after all, politicians…
Tim Yeo is also the sort of scum who voted against the EU Constitution Referendum. He’s a 5th columnist for the Lib-Lab traitors.
They want CO2 emissions to fall, yet when the do, all we get is complaints.
Why is “twat” a pejorative? Those things are the most delightful and amusing anatomical features I’ve been acquainted with.
Why not use “carcinoma”, “aneurysm”, or “hernia” as the term of art?